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Negative trading continues to dominate the movements of the German DAX index within the expected bearish context during the previous analysis, heading to approach a few points from the first target, 14,980, recording its lowest level at 14,990.
On the technical side, we are inclined to the negativity, relying on the clear negative signs on stochastic, in addition to the stability of trading below 15,150.
During today’s session, we target 14,980, and we must pay close attention in case the mentioned level is broken because this extends the index’s losses so that we will be waiting for 14910/14900 for the next station.
The return of stability above 14,145 postpones the chances of a decline, and we may witness an intraday bullish path that aims to retest 15,230 and 15,260 before attempts to decline again.
| S1: 14980 | R1: 15145 |
| S2: 14905 | R2: 15230 |
| S3: 14820 | R3: 15310 |
